Decarbonization-focused investment firm Galvanize announced today that its co-founder, hedge fund billionaire and former presidential candidate Tom Steyer, has taken a formal leave of absence from his role as Co-Chair. Following the announcement, Steyer revealed that he will be running for Governor of California. Galvanize was launched in 2022 Steyer and Hall Capital Partners founder Katie Hall, as a mission-driven…
UK-based retailer Marks and Spencer (M&S) announced today the launch of RE:Spark, a new program aimed at supporting decarbonization in its fashion supply chain, with a focus on accelerating the adoption of renewable energy. The new program was developed in partnership with energy technology solutions provider Schneider Electric. According to M&S, the new program forms a key part of its…
Climate solutions provider Charm Industrial announced that it has signed a new deal with Boeing, with the aerospace giant agreeing to offtake up to 100,000 tonnes of permanent carbon removals. Charm began operations in 2021, and has focused primarily on bio-oil production and sequestration, using plants to capture CO2 from the atmosphere, collecting agricultural residue from harvests or forest fire…
Paris-based international banking and investment group Crédit Agricole unveiled a series of new sustainable finance commitments and goals, including a new target to achieve a 90/10 green-brown ratio by 2028, with every euro of financing facilitated for fossil fuels matched with 9 euros for low carbon energy. The new commitments were announced during the bank’s investor day, introducing its new…
A U.S. appeals court issued an injunction pending appeal on Tuesday halting the implementation of a new California law that would require thousands of U.S. companies to report on climate-related financial risks, just weeks prior to the law’s first mandated disclosures. The court did not, however, agree to a request to halt another law requiring companies to report on their…